Gulfport Energy Corporation Buyback
OLI recorded this information on 1/17/2019
Company:
Gulfport Energy Corporation
Buyback:
GPOR buyback
$Amount Authorized:
$400,000,000
Buyback Details:
Gulfport Energy Corporation (NASDAQ: GPOR) ("Gulfport" or the "Company") today announced its 2019 capital budget, its 2019 operational outlook and that its board of directors has approved a new stock repurchase program to acquire up to $400 million of its outstanding common stock within the next 24 months.
Gulfport Energy is an independent natural gas-weighted exploration and production company focused on the exploration, development, acquisition and production of natural gas, crude oil and natural gas liquids in the U.S. with primary focus in the Appalachia and Mid-Continent basins. Co.'s properties are in Eastern Ohio, where it targets development in the Utica formation and Central Oklahoma where it targets development in the SCOOP Woodford and Springer formations. In addition, Co. holds an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC, and an approximate 21.8% equity interest in Mammoth Energy Services, Inc., an energy services company.
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Buy (3.43 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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